First home buyer lift to boost activity

Australia's largest building association says measures announced by the federal government to boost the economy will support the housing market and increase activity.


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Whilst its admirable that the Government is assisting First Home Buyer, what about a couple average income earners, if one owns a 72 sq metres villa that is 15 years old and got married, now they are both living in this tiny villa with kids coming, they are opted out of any grants. Plus the prices are so ridiculously high that how can a couple (plus chilrden) having a net income of under a $1,000 a week afford repayment for a $400k loan? This is just to buy a small villa in Perth northern surburbs, not a house. Any suggestions would help, or should one be contained to live in tiny space for 3 or 4 people? Then again, i guess, we could be worse off in many of our neighbouring countries...

I agree, Jaqueline, my family have stopped even dreaming about a house. We are lucky to have a small 3 bed townhouse in eastern suburbs. We have 2 boys who have no backyard - it's very small living space and no storage space. My husband and I both work full time and take lower pay/time off in school holidays. It's just impossible to get enough income to pay for a free standing home in Perth without having to travel 2 hours to work and back! I think you are right - we just have to lower our expectations. We cannot have what our parents had, things have changed.

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